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Mar 19, 2013
03/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. >>> smoke rose over baghdad today on this the tenth anniversary of the u.s. invasion. there were 17 car bombings and seven roadside bombings in iraq. at least 53 people died. cnn's standing by live in baghdad. we'll get to her in a moment. first a quick look back. ten years ago today, i was in kuwait reporting on the start of the iraq war. the bush administration insisted saddam hussein had weapons of mass destruction. we were told to be prepared for the worst. and we were. we've been given these backpacks with a lot of protective gea
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable...
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Feb 25, 2013
02/13
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the other question is, can the economy handle sucking $85 million out of the economy this year? the congressional budget office says that will cost 650,000 jobs. that's the other reason the sequester was supposed to be so odious to the politicians. it didn't just cut it like a scalpel it did it all at once, rather than over a longer period. >> go ahead, gloria. >> it just seems to me that it all depends what the default setting it. what you're going to go back to, okay. so when the fiscal cliff was hanging over their heads, that meant, uh-oh, americans were going to get tax increases. that couldn't happen. when the debt ceiling was hanging over their heads, that meant, uh-oh, the faith full and credit of the united states government was hanging over their heads. we had to be able to pay our bills. that couldn't happen. what's hanging over their held, now? first of all, this is not a natural disaster. this is a manmade disaster which they all made. and what's hanging over their heads? budget cuts. which, by the way, a lot of democrats like to see those big budget cuts on the pent
the other question is, can the economy handle sucking $85 million out of the economy this year? the congressional budget office says that will cost 650,000 jobs. that's the other reason the sequester was supposed to be so odious to the politicians. it didn't just cut it like a scalpel it did it all at once, rather than over a longer period. >> go ahead, gloria. >> it just seems to me that it all depends what the default setting it. what you're going to go back to, okay. so when the...
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Feb 26, 2013
02/13
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economy. even though president obama insists he isn't trying to play the blame game he is in full campaign mode right now. let's bring in our chief white house correspondent jessica yellin with the latest. >> reporter: the president was trying to drive home the impact these forced budget cuts would have by visiting one of the places that might feel them most quickly a shipyard in virginia. while he was there he insisted that jobs and the economy are on the line, basically because house republicans are simply too stubborn to negotiate. listen. >> i have to be honest with you. there are too many republicans in congress right now who refuse to compromise even an inch when it comes to closing tax loopholes and special interest tax breaks. and that's what's holding things up right now. >> reporter: well as you know the president wants a combination of both tax increases as well as spending cuts to help avoid this trigger that's going to happen at the end of the week, but in his comments he said his
economy. even though president obama insists he isn't trying to play the blame game he is in full campaign mode right now. let's bring in our chief white house correspondent jessica yellin with the latest. >> reporter: the president was trying to drive home the impact these forced budget cuts would have by visiting one of the places that might feel them most quickly a shipyard in virginia. while he was there he insisted that jobs and the economy are on the line, basically because house...
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Feb 22, 2013
02/13
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the economy is not necessarily going to tank. it will suffer. >> suffer, tank, not good. still not good. >> not good. we'll agree on that. the prediction is, as john said, the forcing event is not this next -- this march 1st date. it's the march 27 date which is when the govern in the right after that runs out of money and that's when the day after that no government workers will be -- >> usual leap they pass a continuing resolution. a cr, as it is called. >> right. but we probably have to get some sort of an agreement on all of these things before then to kick the can down the road a little bit. that's the expectation both in the white house and on capitol hill. so maybe a short-term deal will be worked out but the problem is a short-term deal is how we got to this problem in the first place. >> so you have a politics that's so dysfunctional that you have to depend on disruption of government services in order to get people to actually do their jobs. it's ridiculous. >> john, before i let you go, walk us through. what's going to happen? assuming that these forced spendin
the economy is not necessarily going to tank. it will suffer. >> suffer, tank, not good. still not good. >> not good. we'll agree on that. the prediction is, as john said, the forcing event is not this next -- this march 1st date. it's the march 27 date which is when the govern in the right after that runs out of money and that's when the day after that no government workers will be -- >> usual leap they pass a continuing resolution. a cr, as it is called. >> right. but...
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Feb 20, 2013
02/13
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tossed out of classrooms, health services will be slashed, border security will be compromised and the economy will take a hit if forced budgets cuts begin to happen on march 1st and the obama administration says republicans will be to blame. >> the pleas that the republicans are making are throw these people out of work. it's just -- it makes no sense. >> reporter: but when pressed on whether the president has his own plan to stop the cuts, white house press secretary jay carney pointed to the grand bargain mr. obama failed to reach with house speaker john boehner two careers ago. >> when you ask where's the president's plan, it's been there. it's at whitehouse.gov. >> a budget plan for the long term, where is -- >> the president -- >> the president take the lead and -- >> first of all, congress has to act. >> reporter: less than two months since the fiscal cliff that resulted in tax increases on wealthy americans. boehner notes the idea for the automatic cuts originated in the white house adding mr. president, we agree that your sequester is bad policy. what spending are you willing to cut t
tossed out of classrooms, health services will be slashed, border security will be compromised and the economy will take a hit if forced budgets cuts begin to happen on march 1st and the obama administration says republicans will be to blame. >> the pleas that the republicans are making are throw these people out of work. it's just -- it makes no sense. >> reporter: but when pressed on whether the president has his own plan to stop the cuts, white house press secretary jay carney...